The yen fell to the middle of the 158 yen range, and the dollar appreciated in recognition of Mr. Trump's victory
Updated 2024/7/16 11:09 JST (some excerpts)
The yen exchange rate of the Tokyo Foreign Exchange Market fell to the middle of the 1 dollar = 158 yen range on the 16th. From the view that the possibility that former President Trump, the Republican candidate, will win in the US presidential election has increased, “Trump trade,” which anticipates expansionary fiscal policies, etc., supports the dollar. The yen rapidly increased by more than 1 yen 40 yen overseas time on the 12th before the 3 consecutive holidays, and the sense of caution against the intervention of the government and the Bank of Japan in yen buying is smoldering in the market.
As of 11:4 a.m., the yen exchange rate is 158 yen 58 sen, 0.3% lower than the previous day against the dollar
The price of 158 yen was just as high, and it fell to 158 yen 63 yen at one point
As of 11:4 a.m., the yen exchange rate is 158 yen 58 sen, 0.3% lower than the previous day against the dollar
The price of 158 yen was just as high, and it fell to 158 yen 63 yen at one point
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KoolkoalaSM : I've commented on other posts, but in order to raise the value of yen against the US dollar by 1 yen, the Bank of Japan must release its reserves of US dollars by about 1 trillion yen. There are now approximately 5 trillion yen left in that savings. Even if this is used up, the maximum limit is 153 yen, and this is “game over,” and from there, we will finally enter the 220 yen era, let alone 170 yen, unless we get our hands on US bonds held by the Bank of Japan. Unless the abnormal difference in interest between the two countries' currencies is resolved, this era will surely arrive. Let's all in Japan make up our minds and face it.